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The finances finally eased with Bahrain's Mumtalakat Holding Fund acquiring 100% of McLaren

author:I'll show you a car

McLaren's internal financial operations have been struggling in recent years, but the brand has been trying to find the problem and has been looking for financial assistance, for example, in 2021 when it signed an agreement with Mumtalakat Bahrain Holding Fund to transfer up to 60% of its stake and receive more than £200 million in financial assistance. Previously, McLaren also officially announced that it will transfer the remaining 40% of its shares to Mumtalakat, so that more funds can be used to move in, so that the future product launch plan can be smoother.

The finances finally eased with Bahrain's Mumtalakat Holding Fund acquiring 100% of McLaren

McLaren welcomed new President Michael Leiters to the post in 2022 and launched the 750S the following year, with successive product updates and iterations. The leader also announced that Artura's delivery was delayed due to quality control issues, and that this situation will now be improved after a large amount of money has been brought in.

The finances finally eased with Bahrain's Mumtalakat Holding Fund acquiring 100% of McLaren

In terms of the brand's future plans, McLaren will launch a new generation later this year, and it is reported that the car will be equipped with a V8 engine supplemented by a PHEV plug-in gasoline-electric hybrid, and thousands of horsepower is completely expected, in addition, including carbon fiber body structure, and 3D printed kit sets.

The finances finally eased with Bahrain's Mumtalakat Holding Fund acquiring 100% of McLaren
The finances finally eased with Bahrain's Mumtalakat Holding Fund acquiring 100% of McLaren

Either way, it's a good thing that McLaren is finally getting a better grasp of its cash control, and we're excited to see what the McLaren brand can do in the future.

The finances finally eased with Bahrain's Mumtalakat Holding Fund acquiring 100% of McLaren

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